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All Journal International Journal of Educational Research and Social Sciences (IJERSC) Jurnal Perspektif Pembiayaan dan Pembangunan Daerah JURNAL PENGABDIAN MASYARAKAT AKADEMISI Amal Ilmiah: Jurnal Pengabdian Kepada Masyarakat
Ika Maya Sari
Department Of Accounting, Faculty Of Economics And Business, Universitas Halu Oleo, Indonesia
Religion Humanities Economics, Econometrics & Finance Education Environmental Science Law, Crime, Criminology & Criminal Justice Social Sciences Other

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Journal : Jurnal Perspektif Pembiayaan dan Pembangunan Daerah

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How liquidity, profitability, and leverage ratios influence financial distress: A study on Indonesian mining firms Arifuddin Arifuddin; Erwin Hadisantoso; Ika Maya Sari; Annisa Fitrah Yulianti
Jurnal Perspektif Pembiayaan dan Pembangunan Daerah Vol. 11 No. 3 (2023): Jurnal Perspektif Pembiayaan dan Pembangunan Daerah
Publisher : Program Magister Ilmu Ekonomi Pascasarjana Universitas Jambi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22437/ppd.v11i3.27470

Abstract

This study investigates the impact of liquidity, profitability, and leverage ratios on financial distress in mining companies listed on the Indonesia Stock Exchange. It posits that higher liquidity in a company correlates with reduced financial distress. The research encompasses eight mining companies observed from 2016 to 2020. Purposive sampling was employed to select a sample of eight companies meeting specific criteria. The study utilizes multiple linear regression analysis as its analytical approach. The findings, significant at the 5% level, reveal that liquidity, profitability, and leverage ratios collectively exert a substantial influence on financial distress, accounting for 85.3% of the variance in the dependent variable. Specifically, the study concludes that: 1) Liquidity has a significant negative effect on financial distress, 2) Profitability also demonstrates a significant negative impact on financial distress, and 3) Leverage exhibits a significant positive effect on financial distress.
Co-Authors Annisa Fitrah Yulianti Arifuddin Arifuddin Eliyanti Agus Mokodompit Emillia Nurdin Erwin Hadisantoso Fitriaman La Ode Anto Natalis Ransi Safaruddin Satira Yusuf4 Syamsir Nur Tuti Dharmawati Tuti Waode Aswati